Outlook into the Flexible Display Industry in North America to 2025 - Partnerships, Collaborations and Agreements - ResearchAndMarkets.com

The North America Flexible Displays Market is expected to witness market growth of 24.8% CAGR during the forecast period (2019-2025).

Increasing demand for flexible displays from healthcare and automotive, among other sectors, is expected to create growth opportunities for the market's main manufacturers. Flexible displays in automotive interiors are the focus of automotive manufacturers. Audi AG and Samsung Corporation, for instance, entered into a strategic partnership in May 2019 to endorse the former concept car, Audi Prologue A9 Prototype. A lightweight, high-resolution Samsung OLED display near its gear stick is expected to house the proposed car to help better control vehicle settings.

Technical developments in flexible organic light emitting diode (OLED) manufacturing technology have improved the flexible display industry in recent years. Sony Corp., Philips and Samsung, in the flexible display market, are among the leading patent holders. Due to features like portability, light weight, non-brittleness, and flexibility over the forecast period, the market penetration of flexible glass in various consumer electronics products is likely to expand. Key players in the consumer electronics industry, such as Samsung and LG, have started using their smartphone's flexible organic light emitting diode (OLED) to obtain a significant market share in the premium smartphone market segment. Apple Inc. launched Apple Watch recently, which includes flexible display technology.

Based on Type, the market is segmented into OLED and Others. Based on Application, the market is segmented into Smartphone, Smart Wearables, TV, E-reader, Automotive & Transportation and Others. Based on Material Type, the market is segmented into Plastic, Glass and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.